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UBS acquires 4.8% stake in Indian wealth manager 360 One Wam - Finance news and analysis from Global Banking & Finance Review
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UBS acquires 4.8% stake in Indian wealth manager 360 One Wam

Published by Global Banking & Finance Review

Posted on October 22, 2026

2 min read

· Last updated: October 22, 2026

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UBS Acquires 4.8% Stake in India’s 360 One Wam After Warrant Conversion

Details of UBS and 360 One Wam Strategic Partnership

Overview of the Stake Acquisition

Oct 22 (Reuters) - UBS has acquired an approximately 4.8% stake in India's 360 One Wam after converting warrants into shares, the Swiss bank said on Thursday, marking another step in the companies' strategic partnership.

The deal comes as foreign banks face stiff competition from wealth managers amid regulatory constraints in India.

Background of the Partnership

Initial Agreement and Warrant Details

Last April, the companies had announced a partnership, under which UBS agreed to sell its Indian onshore wealth management business to 360 One for about $32 million, while acquiring warrants representing a 4.95% stake in the Indian firm.

Warrant Conversion Process

UBS said it had exercised all 20.5 million warrants allotted to it in July 2025, and paid to acquire an equivalent number of shares in the Mumbai-based wealth manager.

Expansion of Services and Future Plans

Client Management in Singapore

UBS has also taken over serving 360 One's clients in Singapore, subject to regulatory approvals. 360 One completed business transfer agreements with UBS and Credit Suisse in September 2025.

Financial Details

($1 = 94.7075 Indian rupees)

Reporting Credits

(Reporting by Surbhi Misra in Bengaluru; Editing by Sherry Jacob-Phillips and Mrigank Dhaniwala)

Key Takeaways

  • UBS exercised all 20.5 million warrants in July 2025, securing approximately a 4.8% equity stake in 360 One WAM via share conversion — underscoring its long-term India wealth ambitions. (research.ibb.ubs.com)
  • The collaboration began in April 2025 when UBS agreed to sell its Indian onshore wealth management business to 360 One WAM (for roughly US$36m) and obtained warrants representing a ~4.95% stake. (ubs.com)
  • 360 One WAM, rebranded from IIFL Wealth in 2023, is among India’s largest wealth and alternatives managers with assets under management recently exceeding ₹7 lakh crore (~US$79 billion). (en.wikipedia.org)

References

Frequently Asked Questions

What stake has UBS acquired in 360 One Wam?
UBS has acquired an approximately 4.8% stake in Indian wealth manager 360 One Wam after converting warrants into shares.
How did UBS acquire the stake in 360 One Wam?
UBS exercised 20.5 million warrants allotted to it and converted them into shares, resulting in the acquisition of a 4.8% stake.
What was the value of UBS's Indian onshore wealth management business sale?
UBS agreed to sell its Indian onshore wealth management business to 360 One for about $32 million as part of their strategic partnership.
What is the significance of the partnership between UBS and 360 One Wam?
The partnership signifies UBS's strategic expansion in India’s wealth management market and closer collaboration with 360 One Wam.
Will UBS be serving Indian clients outside India?
UBS has taken over serving 360 One's clients in Singapore, subject to regulatory approvals.

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